No general assignment of property by an insolvent, or in contemplation of insolvency, for the benefit of creditors, shall be valid unless it be made for the benefit of all of the assignor's creditors in proportion to the amount of their respective claims.
RCW 7.08.010
Assignment must be for benefit of all creditors.
2004 c 165 s 36; 1893 c 100 s 1; 1890 p 83 s 1; RRS s 1086.
Official source: Washington State Legislature. Reproduced from public-domain Washington statutes; confirm against the official source for the current text. Not legal advice.